GBP/USD has broken above a long-standing resistance zone on the weekly chart, signaling a potential shift in long-term trend. This breakout aligns with a strong rising trendline that has held firm for months, showing growing bullish momentum.
If price continues to hold above the breakout level, the market could be setting up for a sustained upward move. A successful retest of the breakout zone would further confirm bullish continuation. The structure looks healthy, and the momentum is clearly on the buyer’s side.
DYOR, NFA
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If price continues to hold above the breakout level, the market could be setting up for a sustained upward move. A successful retest of the breakout zone would further confirm bullish continuation. The structure looks healthy, and the momentum is clearly on the buyer’s side.
DYOR, NFA
Thanks for following along — stay tuned for more updates!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.